Are You Still Using Cash or You Gone Cashless?

When was the last time you handled cash?
Are you still using cash? or you gone cashless?
If you have gone cashless why?
If you haven't why not?
Do you agree that one is more aware of his/her spending if paying with cash?

Poll Options expired

  • 536
    Cashless
  • 217
    Cash

Comments

  • +34 votes

    Cashless, it’s easier and efficient. Hate it when morons use their saliva to count cash before giving away to cashiers.

  • I find cash is still the easiest when it comes to buying and selling used items privately and locally.

    • Yep, the last time I handled cash was when I sold a couple of items about 6 months back. Put those aside and it's probably been near 2 years.

    • PayID and BeemIt are great for this, shame though still seems most people I mention it to seem to have no idea what it is.
      That, and the banks that delay a first time instant payment for up to 24 hours, kind of defeats the purpose.

      Not a fan of cash though when people pick up an item and pay in coins.

      • Bloke showed up at my door once to buy a pair of speakers with a bag full of coins. It was $350 and he had everything from 10c coins to $1 coin.

        I politely told him to go exchange the coins for notes at the local servo or no deal. He came back in about 30 minutes with the cash and told me the chick at the servo wanted nothing to do with that and he finally withdrew from an ATM.

        • I had a guy buy a computer monitor for about $300. He had about 1/3rd in coins, the rest was notes. I counted the notes and it was high enough for me to say don't worry about the coins, I'll deal with it later.

          Well counting it all later, I think I ended up with $350 total, so win for me. :)

  • Depends on the store but cashless is the main go for me unless I don't trust the store or has a surge charge I'll go for cash.

  • The only cash I have in my wallet is from overseas. I don't even need coins as parking is all cashless on apps.

  • Got some cash recently when I sold an item via Marketplace - had almost forgotten what it looked like. Society is moving away from cash generally. Went to Hamilton Island last month and there were signs everywhere saying that due to Covid 19 cash was not accepted as a method of payment. It's legal tender so I don't know what would happen if you wanted to go full-bore Karen to prove a point, but I'm happier to pay by contactless method.

    • +33 votes

      Notes and coins being legal tender means you have to accept them if they're offered as payment for a debt, but you're allowed to specify before a sale is made that you won't accept them. Source: RBA

      • Good to know, thanks.

      • Curious how this would work at a petrol station since you have the good before you go and pay?

        I've seen some that say they won't accept cash but that's at the doors to the store, rather than at the pump.

      • Australian banknotes and coins do not necessarily have to be used in transactions and refusal to accept payment in legal tender banknotes and coins is not unlawful.

  • Local grocery shop installed some techy-looking cash counting machines. You'd insert notes or coins in to it, and the cashier doesn't even have a till nor do they give change. Machine does it for them.

    As for me, I still paid cash a few times last month just to get rid of whatever was left in my wallet, but it's unlikely I'd withdraw cash in the next year…

  • +2 votes

    Do you agree that one is more aware of his/her spending if paying with cash?

    Nah, if you are bad at maths, you’ll run out money either with cash in hand or hit your card limit to stop spending.

    Hate to be the person asking people for short “2 dollars”… obviously awareness doesn’t come standard for some people.

    • Hate to be the person asking people for short “2 dollars”…
      Lol that's a scam, just a different tier of begging

      • +1 vote

        lol - I know :)

        In countries that had gone cashless - "beggars" use QR codes

        • The translated text is a little sketchy but it says some beggars in China are earning upwards of $700AUD for collecting scan data from donations, that's going to stop a lot of people from donating or the system once they realise the risk.

    • at my workplace, customer need another 55 cents to pay for their shopping, so her husband went to their car to get it, 10mins later he hasn't come back, and I can't save the transaction to process other customers because they used a gift card before hand. I can't believe some people actually do this (the nice couple behind got fed up waiting and paid the 55 cents).

  • +10 votes

    Infrequently, but it’s still necessary.

  • Casinos and pokies don't take credit cards.

  • +8 votes

    Are you still using cash? or you gone cashless?

    Cash if it is cheaper or no merchant fee.

    Card to earn points.

  • Some small independent stores don't have a minimum spend for card, which is nice. But I still feel mean paying for a $1 item with my credit card, so I ask if they take cash, which most do since there's basically no covid around.

    • I was told by a cafe owner that he pays a monthly fee for mobile EFTPOS so there is no need for a minimum transaction fee. It's also faster and gives him more business as people always have a card on them. This was around five years ago.

      • You pay a monthly fee and the bank takes a cut out of the transaction. Unless terms are better now?

      • afaik. merchants pay 1-1.5% of the transaction in fees. and some charge a flat rate for EFTPOS cards. 25cents?

      • The fee structure on the terminal at my old work was a flat rate per month service fee, plus 0.7%-1.2% for credit cards or around 0.62% for debit cards plus 30c per transaction.

        Eftpos had no % fees (only the 30c) but that means the customer had to swipe their card and use CHQ/SAV - using tap would trigger the Visa/Mastercard debit function an incur the 0.62% fee

        They didn't charge customers credit card fees fyi

  • today, some shops charge extra for card payments below ~$10/15/20

  • Cash, opportunity to find valuable coins is becoming more frequent as others use cash less. I still have a $100 paper note my old man gave to me, in fact i have pretty much every note $1 onwards. Cards are just not the same, but obviously use card for many things.

  • +4 votes

    What about Ozbargainers paying their cleaners? https://www.ozbargain.com.au/node/595724

  • Where’s the cheque option? It’s as though nearly everyone has moved on from cheques. Oh wait…

    Back to the topic at hand… I only really use cash these days if:

    • The merchant slugs additional fees for payments processed through the EFTPOS/Visa/MC/Amex networks and I am not going to be reimbursed for the transaction,
    • Purchasing/selling second-hand goods on Gumtree, or
    • Paying an electrician/plumber for work and they refuse bank transfer or PayID.

    Otherwise I use discounted Coles/WISH gift cards, a points-earning debit card or points-earning credit card where possible.

    • Every trade I've employed in the last 2 years has surprised me. They completed the work without asking for any payment. The invoice was then subsequently sent to me via email.

      • Because they KNOW WHERE YOU LIVE

      • I'm the same all the tradies plumbers, roofers, and electricians have sent out invoices! The roof was several thousand, and they sent out an invoice a month later.

        (Surprised they didn't want to be paid quicker)

        A friend of mine recently got a house demolished, and the guy wanted cash 10K and refused to invoice after the work! So still some tradies chasing cashies.

  • Do you agree that one is more aware of his/her spending if paying with cash?

    Surely the opposite - if you pay by card you get a record of how much and where it was spent. Using cash you have no record.

    I pay for everything with my phone, keep a bit of cash in the car for the rare occasion I come across a takeaway with no eftpos machine.

    • Aware at the time. Not aware for posterity.

      Take 10 $10 bills to the pub. You'll be more aware of the money you spend at the time. Handing over something makes it more salient, tangible, memorable and weighty.

      • That was the case for me when I was a teenager, but not now

        • What's changed?

          Pretty sure the research basically says it's innate that humans can comprehend and assess physical exchange better than virtual exchange.

          • @ozbjunkie: I have more money now and don't worry about spending $30 on a takeaway. Doing this too many times I can see build up on my bank statement and I might think I need to cut back. But just doing it once (handing over cash) isn't making me feel like I am spending a lot of money, any more than seeing it come up on the eftpos machine.

            As a teenager however saving up for stuff I would be quite reticent to spend money on anything as I was trying to save up for nice things and every $10 note handed over for something not vital felt painful. But tapping my bank card did not feel so painful.

          • @ozbjunkie:

            Pretty sure the research basically says it's innate that humans can comprehend and assess physical exchange better than virtual exchange.

            That’s probably one of the reasons why they want people to go cashless. You tend to spend more than if you had to pay cash.

      • Tasker intercepts google pay notifications on my phone, interprets and enters them into my budget. Then the remaining budget in that category is displayed. Similar digital effect I suppose

        • Good way to monitor. But not really what I'm getting at.

          Not everyone seems to need physical markers of exchange in order to calm their spending.

          But there's a difference between coming home with an empty wallet and coming home with more lines on a spreadsheet.

          I just don't really spend money anyway so don't have either system setup.

        • Did you write the tasker script yourself?

          • @Tleyx: I wrote a version of it myself before I found a better example and changed mine to match that one. Then I improved the template a bit and added some testing options.

  • Buy & Sell stuff on marketplace where cash is still king

    • Very true…. not falling for the transfers of any kind after they can be reversed once they take the item away..

  • Gumtree deal yesterday - as above, cash is king.

  • A true ozbargainer would use cash if the shop rounds down to the nearest 5 cents and cashless if the shop wanted to round up to 5 cents. Each transaction you can save 0, 1 or 2 cents.

  • Asian shops I use cash as a way of support (so they don't get slugged card transaction fees), and I don't ask for receipts!

  • I live in the US and there was a penny shortage over summer so supermarkets asked if people could use card or pay with exact change haha. Also I got rained on the other day and the $12 I've had in my wallet for 6 months got wet.

    Anyway what I'm saying is I use card for everything.

    • Once you got rained on, it didn't go how I expected… Thought you would've ended up with more money. 😅

  • Cash is king on the second hand market. Could not be without or those bargains would vanish!

  • I'm 99% cashless. Occasional cash use only.

  • Looks like the cash economy is going just the way the government wants it to.

    • I get what you are saying. But plenty of us still use cash. Ozb is not representative of society. Read the comments, they all relate to convenience and cheaper. There are groups out there that value other things above these and still use cash.

  • I keep a $20 note tucked into my Credit Card Wallet just in case, but overall I am 100% cashless.

    • I do the same, but with a $50.
      Enough to get out of trouble, in case credit isn't an option.

    • Same - mostly use Apple Pay for everything now, however usually keep a couple of notes tucked in my credit card wallet just in case.

  • I can’t remember the last time I regularly used cash. It’s been at least 10 years

  • +4 votes

    I still need a coin to unlock the trolleys at the supermarket.

  • I used cash at a buffet last night

    • I thought buffets were gone after March 2020?
      Was it a college cafeteria style buffet with only staff handling the tools?
      Surely a self serve buffet cannot be Covid safe?

  • Today. Cash ONLY at Macmasters Beach Cafe.

  • I try to pay cash at small businesses but will generally always use card at supermarkets and stores which say they prefer cashless payments.